Content tagged “Prices”

Higher gas prices are on the way, analysts say

Drivers, here's the bad news: You'll be paying more for gasoline in the coming weeks. The good news, if it's any consolation: You'll likely pay less than last year. Or the year before, or the year before that. The Associated Press reports the price of gasoline held steady into early February, but an increase is almost inevitable this time of year. Pump prices have gone up an average 31 cents per gallon in February over the past three years. "We're going to get increases and they are going to be noticeable," says Tom Kloza, chief oil analyst at Gasbuddy.com and the Oil Price Information Service. "We're going to get that pop relatively soon." The nationwide average price has risen for seven days in a row and now stands at $3.34 per gallon, the highest level since October, according to AAA, OPIS and Wright Express. The nationwide average is not expected to quite reach its high point of...

Economists forecast better growth for U.S. this year

The U.S. economy is headed for stronger growth in 2014 that will steadily chip away at the unemployment rate, top economists predict in a largely optimistic USA Today quarterly survey. The jobless rate, which dipped to a five-year low of 6.6% in January, will fall to 6.3% by the end of the year, their median forecast indicates. Job gains, which averaged 194,000 a month last year, will reach a monthly average of 200,000 this year, they predict. Employers added 113,000 jobs in January, well under many economists' forecasts, the government reported last week. The economy got off to a slow start in January as a result of financial turmoil in emerging markets, a stomach-churning drop in stock prices and extreme winter weather that kept many shoppers at home. But the economists surveyed expect growth to accelerate after a weak first quarter, reaching a solid 2.8% rate for the year. "I think we will regain momentum and not fall on our face," says Diane Swonk, chief economist of...

B.R. gas prices continue to hold steady while U.S. average rises

While motorists in Baton Rouge continue to see relatively stable gas prices, average prices across the United States continue to inch upward—defying many analysts' predictions that prices would likely dip at the start of the new year. For the first time this year, average prices rose above $3 per gallon in all 50 states, according to a press release issued this morning by 24/7 Wall St. A total of 13 states, including Louisiana, that at one point last year had an average below $3 are now seeing an average above the $3 threshold. "These include oil-rich states and those near Gulf of Mexico refinery capacity—Texas, Oklahoma, Alabama, Louisiana and Mississippi," reads the release. "Also on the list are northern Plains states, with their small populations near shale deposits—South Dakota, Wyoming and Montana. Gas prices are traditionally very low in these states." In Baton Rouge this morning, a gallon of regular unleaded gas is selling for $3.10, down 1 penny from...

B.R. gas prices tick up 2 cents on the week

The average price for a gallon of regular, unleaded gas in Baton Rouge rose 2 cents over the past week to $3.12 as of this morning. According to the AAA Daily Fuel Gauge Report, this morning's average in Baton Rouge reflects a 7 cent increase from a month ago—but a decline of 7 cents from a year ago. The Louisiana average price rose 1 cent over the past week to $3.13 as of this morning. Only about a dozen states—mostly in the South—currently have a lower average than Louisiana. Motorists in Missouri are currently enjoying the nation's lowest average gas price—$2.99—while Hawaiians continue to pay the highest price on average, at $4 per gallon. The U.S. average fell 3 cents over the past week to $3.28 as of this morning, which is 2 cents lower than the average was a year ago. —Staff report

Gas prices relatively flat thus far in new year

The average price of a gallon of regular, unleaded gas in Baton Rouge barely budged over the past week, continuing a recent trend of relatively stagnant prices that started at the close of 2013. According to the AAA Daily Fuel Gauge Report, the average price is $3.10 in Baton Rouge as of this morning, down 1 penny from a week ago. One month ago, the average price was 2 cents lower than it is today in the city. Compared to a year ago, the average price today is 11 cents lower. Meanwhile, the Louisiana average price as of this morning—$3.12—is 19 cents lower than the U.S. average, which was unchanged on the week but up 8 cents on the month. AAA analysts are forecasting gas prices to decrease or remain mostly flat this year. According to the group’s 2013 year-end report, the $3.49 U.S. average last year was the lowest since 2010. Even so, 2013 was the...

B.R. gas prices down slightly from a year ago

At $3.11 as of this morning, the average price of a gallon of regular unleaded gas in Baton Rouge is unchanged from a week ago, but is one nickle lower than it was one year ago, according to the AAA Daily Fuel Gauge Report. The Baton Rouge average is 3 cents lower than the state average of $3.14 and is 20 cents below the $3.31 national average. The local average see-sawed up and down throughout 2013 before ending the year at just above $3 per gallon, not far from where it began the year. As for what motorists can expect in the coming year, analysts are predicting U.S. gas prices will decrease or remain mostly flat not only in 2014, but for years to come. While prices may not have seemed all that cheap last year, on average they were...

B.R. gas prices rise for third straight week

After several months of steady declines, gas prices have ticked up in the Baton Rouge area for the third straight week, and the gap between the local average and the U.S. average is narrowing. As of this morning, the local average is $3.12 for a gallon of regular, unleaded gas, according to the AAA Daily Fuel Gauge Report. That's an increase of 2 cents in the past week, and it builds on increases of 13 cents and 1 cent over the previous two weeks, respectively. The U.S. average as of this morning is $3.26 a gallon, down 2 cents from a week ago. The Baton Rouge average remains 2 cents below the Louisiana average of $3.14 a gallon, which is now the same as the average in four other states and higher than in 11 states. Just one month ago, Louisiana had the sixth-lowest average price in the nation. Since then, however, the average price in the state has risen 8 cents,...

B.R. gas prices spike 13 cents on the week

After falling steadily for roughly the past three months to the lowest levels of the year, the average price for a gallon of regular, unleaded gas in Baton Rouge increased 13 cents over the past week to $3.10 as of this morning. According to the AAA Daily Fuel Gauge Report, Louisiana saw a greater spike in prices over the past week than many other states. While the state's average of $3 a week ago was the sixth-lowest in the nation, its average this morning—$3.13—is the same as in three other states and higher than nine others. The U.S. average this morning is at $3.28 per gallon, up eight cents on the week. The increase in Baton Rouge seen over the past week is just the third weekly increase reported by AAA over the past 18 weeks. "Something strange is going on in the U.S. gasoline market," reads a report from Bloomberg...

Scant rise aside, gas prices continue to hover below $3 in Baton Rouge

Although the average price of a gallon of regular unleaded gas in Baton Rouge increased by one penny over the past week, locals are still among the minority in the nation who are paying less than $3 a gallon. According to the AAA Daily Fuel Gauge Report, the Baton Rouge average this morning is $2.97, or 3 cents lower than the Louisiana average. Louisiana remains one of just six states in which gas is selling for an average of $3 or below. Missouri motorists are enjoying the lowest average price in the nation: $2.89. On the other end of the spectrum, Hawaii's average is just 3 cents short of $4 per gallon. In Baton Rouge, the average price has been below $3 for the past two weeks. In 15 of the past 17 weekly reports, the Baton Rouge average has now posted a week-over-week decline. The local average one month ago was 17 cents higher than it is this morning, and a year ago the average was 21 cents higher. While gas prices have been falling on the local and national level for months now,...

B.R. gas prices dip below $3 for first time this year

At $2.96 as of this morning, the average price of a gallon of regular unleaded gas in Baton Rouge has fallen 7 cents over the past week to its lowest point of the year—and below the $3 mark for the first time in 2013—according to the AAA Daily Fuel Gauge Report. Motorists here and across the U.S. can thank the tentative reduction in tensions in the Middle East and swelling supplies of domestic oil for falling gas prices, The New York Times reports, noting that energy experts say prices could fall further if negotiations between the West and Iran progress. Drivers in all 50 states are enjoying lower gas prices than a year ago, and Louisiana—with an average of $2.99—is one of six states in which the average is...

Measure of U.S. economy's health rises 0.7%

A gauge of the U.S. economy's future health rose solidly in September, suggesting the economy was making gains before the government shut down for 16 days. The Conference Board reports this morning that its index of leading indicators rose 0.7% in September to a reading of 97.1. That follows a similar gain in August and marked the fifth increase in six months. The index is designed to signal economic conditions over the next three to six months. It is composed of 10 indicators, most of which have already been released individually. In September, the index rose largely because unemployment benefits fell, credit conditions improved, manufacturing orders rose and the gap between short- and long-term interest rates widened sharply. The Associated Press reports that some economists caution that the index has been a poor predictor of the economy's health in recent months, noting that stock prices have risen sharply this year, yet unemployment remains high, wages have barely kept pace with...

B.R. gas prices creep closer to $3 average

Selling for an average of $3.03 per gallon as of today, regular unleaded gas in Baton Rouge has fallen 4 cents over the past week to its lowest point yet this year, with some area stations selling at just below the $3 mark. According to the AAA Daily Fuel Gauge Report, Louisiana is home to the nation's sixth-lowest average gas price, at $3.05. The average price in the state remains 20 cents lower than the U.S. average of $3.25. The national average price fell 3 cents over the past week and is down a dime from one month ago. Locally, gas prices have not been experiencing the dramatic up and down swings that many other communities across the nation have been experiencing. According to a recent analysis of daily and weekly...

B.R. gas prices fall again, near $3 mark

Although some analysts have been predicting the declines in gas prices that have been seen across the nation in recent weeks will soon come to an end, the average price of a gallon of regular unleaded gas in Baton Rouge fell another 6 cents over the past week to $3.07 as of this morning, according to the AAA Daily Fuel Gauge Report. That's the lowest price that local gas prices have been all year, and it also appears to be among the lowest average prices in the nation. The Louisiana average, at $3.09, is the sixth-lowest in the nation. Missouri has the lowest average in the nation, at $2.94, while Hawaii's average is the highest, at $4.09. One year ago, gas was selling for 31 cents more per gallon in Baton Rouge. The U.S. average of $3.28 as of this morning is 7 cents lower than a week ago, 13 cents lower than a month ago and 26 cents lower than a year ago. See the...

Now at lowest point of 2013, B.R. gas prices could begin to rise

The average price of a gallon of regular unleaded gas in Baton Rouge has fallen two cents over the past week to $3.13 as of today, according to the AAA Daily Fuel Gauge Report. That's the lowest the average price has been in the city thus far this year, and Louisiana—at $3.15 per gallon—now has the fifth lowest average price among all states. The U.S. average is at $3.34 as of this morning, unchanged from a week ago. One month ago, Americans were paying about 14 cents more per gallon, and one year ago the U.S. average was 33 cents higher. Trilby Lundberg, who tracks the fuel market nationwide and is editor of the Lundberg survey on gas prices, which is similar to the AAA report, tells NBC News that prices may begin to rise from recent lows.

B.R. gas prices fall another 3 cents to lowest average of 2013

At $3.15 per gallon, the average price of regular unleaded gas in Baton Rouge this morning is the lowest price it has been at the start of any week in 2013 thus far—one penny lower than the price the first full week of January. The local average price fell 3 cents on the week and is now 19 cents lower than it was one month ago and 42 cents lower than one year ago, according to the AAA Daily Fuel Gauge Report. Gas prices have been falling throughout much of the U.S. in recent weeks, including in Louisiana, where the average price fell 2 cents on the week. The Louisiana average as of this morning—at $3.16 per gallon—is the fifth-lowest in the nation. At $3.34, the U.S. average price holds steady at the same number as last week, but is...

B.R. gas prices fall another 5 cents to lowest price since January

At $3.17 per gallon this morning, the average price of regular unleaded gas in Baton Rouge is just one penny above the lowest price it has been at the start of any week in 2013 thus far—which came in the first full week of January. The local average price fell 5 cents on the week, and is now 23 cents lower than it was one month ago and 36 cents lower than one year ago, according to the AAA Daily Fuel Gauge Report. Gas prices have been falling throughout much of the U.S. in recent weeks, including in Louisiana, where the average price fell 4 cents on the week. Just eight states have a lower average price than Louisiana. At $3.34, the U.S. average price also fell 5 cents on the week, and is now 23 cents lower than it was one month ago and 47 cents lower than it was last year at this time. The local average has now fallen in 10 of the past 11 weeks. See the complete...

Baton Rouge gas prices near 2013 low

At $3.22 as of this morning, the average price for a gallon of regular unleaded gas in Baton Rouge is down 5 cents from a week ago—and is nearly as low as it has been all year, according to the AAA Daily Fuel Gauge. The last time the local average was below $3.20 was in the first month of 2013, when it dipped to $3.18 on Jan. 18. From there, the local average trended up throughout the first quarter of the year, rising to as high as $3.65 per gallon in Baton Rouge in early March. The average price then began trending back down, and by the time a streak of nine weeks of declines had concluded in early May, the Baton Rouge average was back around $3.24 per gallon. The annual summer increase in gas prices topped out locally at around $3.50 per gallon in late July. With this past week's decline, the Baton Rouge average price has now posted slight decreases in nine of the past 10 weeks. One year ago today, gas was selling for 34 cents more per gallon in Baton Rouge. The Louisiana...

With summer in the rearview mirror, gas prices continue to fall

Aided by another 5 cent decline over the past week, the average price of a gallon of regular unleaded gas in Baton Rouge is at its lowest since early July. At $3.27 as of this morning, the local average price has now posted a slight decline in eight of the past nine weeks, according to the AAA Daily Fuel Gauge Report. One month ago in Baton Rouge, gas was selling for 9 cents more per gallon—and it was 34 cents higher per gallon a year ago. The national average price fell 4 cents on the week to $3.47 as of this morning, while the Louisiana average price is down 5 cents to $3.28. Louisianans are paying the ninth-lowest average price in the nation. Late last week, AAA reported that the U.S. average price had dropped every day since Labor Day—which marks the unofficial end to the summer driving season—and had dipped below $3.50 a gallon for the first time in more than two months. Winter gasoline blends typically cost about 10 to 15 cents less per gallon to produce...

Baton Rouge gas prices down another 7 cents

Aided by a 7 cent decline over the past seven days, the average price of a gallon of regular unleaded gas in Baton Rouge is down a dime over the previous two weeks. According to the AAA Daily Fuel Gauge Report, gas is selling for an average of $3.32 as of this morning in Baton Rouge. The local average has now fallen seven of the past eight weeks, as Louisiana continues to see one of the lowest average prices in the nation (just eight states have a lower average price). One year ago, gas was selling for about 33 cents more per gallon in Baton Rouge. The national average as of this morning is $3.51 per gallon, which is down six cents on the week. One month ago, the U.S. average was three cents higher than today, and one year ago it was 35 cents higher. Gas prices vary widely across the U.S., with more than $1 separating the nation's lowest and highest averages. At $3.18 per gallon, South Carolina is seeing the lowest average price in the nation, while Californians are paying the...

Baton Rouge gas prices ease back 3 cents

A 3 cent decline in the average price of gas across Baton Rouge over the past week is almost enough to offset a 4 cent rise the previous week. As of this morning, the average price of a gallon of regular unleaded gas in Baton Rouge is $3.39, according to the AAA Daily Fuel Gauge Report. Still, the decline marks the sixth week of the past seven that the local average has posted a decrease. One year ago, gas was selling for about 29 cents more per gallon in Baton Rouge. Louisiana continues to see the ninth-lowest average gas price in the nation, at $3.40 as of this morning, also down 3 cents on the week. According to a new report by research firm IHS, the average American gained about $1,200 in disposable income during 2012 due to lower gas prices, brought on by surging U.S. oil and natural gas production. As The Wall Street Journal

Baton Rouge gas prices going up again

The average price of a gallon of gas is back on the rise in the Baton Rouge area, but the local average remains about a quarter lower than it was one year ago. At $3.42 for a gallon of regular unleaded as of this morning, the average price is up 4 cents from a week ago, according to the AAA Daily Fuel Gauge. It's the first time the Baton Rouge average has posted a weekly increase in five weeks. One year ago, gas was selling for $3.69 per gallon in Baton Rouge. Motorists in Baton Rouge are paying one penny below the state average as of this morning, and 17 cents below the national average. Just eight states have a lower average price than Louisiana. AAA analysts speculate that rising unrest abroad could be keeping prices higher than they otherwise would be, and could also lead to additional increases in the coming weeks. "While retail gas prices remain well below year-ago levels, tensions, unrest and violence in the Middle East and North Africa have kept global oil prices higher than...